Monday, March 10, 2014

Palos Verdes and Beach Cities Homes For Sale Priced Over $5,000,000

Grand staircase in a $7M estate in Palos Verdes.
It is no secret the coastal homes along Southern California's coast command a premium price. The housing market recovery, coupled with the growing number of luxury home buyers, is contributing to a surge in luxury home prices in the South Bay of Los Angeles.

During the past 12 months the luxury home markets I track and work recorded 23 sales priced over $5,000,000. Here is the breakdown by individual city:

  • Manhattan Beach: 10 Luxury homes priced over $5,000,000 sold. 
  • Hermosa Beach: 2 Sales over $5,000,000 were recorded. The most expensive home on this list of high-end homes, a 7,000 sq. ft. home built in 2013 and located on The Strand in Hermosa Beach, sold for $14,800,000. 
  • Palos Verdes Estates: 6 Luxury sales over $5,000,000 were recorded per MLS information. 
  • Rolling Hills: 3 Rolling Hills luxury homes priced over $5,000,000 sold from March 2013 to March 2014. 
  • Rancho Palos Verdes: 2 Luxury homes sales over $5,000,000 were recorded in Rancho Palos Verdes for the previous 12 months. 
  • 23 high-end luxury home sales were recorded during the past 12 months in Palos Verdes and the Beach Cities. 

Homes priced over $5,000,000 currently for sale:
- Norma Toering, Broker (310) 493-8333

Palos Verdes Luxury Homes $5M+:
Beach Cities homes $5M+:
Beach Cities luxury condos and townhomes: